Chicago Metropolitan Housing Development Corporation Sells 15-Unit Multifamily Property For $725,000 In Chatham, Chicago
8001 South Dobson Avenue, Chicago, IL, USA
$725,000
$98/SF
Building Size
7,375 SF
Asset Type
MultiFamily
Closing
Sep 9, 2021
AI
An multifamily property located at 8001 S. Dobson in Chatham, Chicago has been sold for a price of $725,000. The property consists of 15 units, which brings the price per unit to $48,333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $725,000
- Address: 8001 S. Dobson, Chatham, Chicago
- Market: Chatham, Chicago
The seller of the property was the Chicago Metropolitan Housing Development Corporation. The sale was facilitated by Aaron Sklar & Noah Birk from Kiser Group.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21.88%
Cash-on-Cash
-6.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93